In the last 24 hours, the price ofAvalanche seems unstoppable, thanks to its strategic partnership with Amazon Web Service (AWS). AVAX’s hike is part of a general market-wide surge in cryptocurrency prices that began last week. Avalanche is currently trading at 15.55 $and its cumulative weekly earnings reach 27.2%.
The partnership with AWS triggers an avalanche of prices
AWS, the world’s largest cloud computing service provider, partners with Ava Labs to accelerate the adoption of blockchain technology across various industries. Ava Labs believes this partnership will create a seamless environment for organizations and individuals to run nodes on Avalanche, a layer 1 blockchain. Developers using the blockchain platform will also benefit from increased robustness and flexibility.
AWS plans to set up one-click node deployments to support Avalanche’s infrastructure and decentralized application (DApp) ecosystem. Ava Labs will join the coveted AWS Activate programthat supports startups and early-stage entrepreneurs who want to use the AWS platform.
“We have more than 500 applications on the blockchain and we would like to give them a better experience. We now have a true partnership with the Activate program,” John Wu, president of Ava Labs, said in a statement.
This partnership is a win-win the blockchain ecosystem as it marks the first founding partnership with the world’s largest cloud computing platform provider. Ava Labs will add its subnet implementation to the platform as a managed service, paving the way for individuals and ecosystems to manage their own custom subnets.
Subnetworks are a fundamental structure for the Avalanche Layer 1 blockchain. They allow the network to divert traffic from the main blockchain and support AVAX Stakeout. Using subnets, projects can set up their own Layer 1 or Layer 2 blockchains.
Avalanche price needs this level of support to keep growing
Avalanche price benefited from renewed investor optimism, moving from the $10.50 support to just above $16.60, a two-month high. This move coincided with an expected breakout of a descending triangle pattern, likely push AVAX towards $28 in the next few weeks.
Despite Avalanche’s bullish outlook, its price hit a snag. In fact, it fell to $15.59, likely due to pressure from investors to take early profits. To ensure the resumption of the uptrend, the price of Avalanche now needs to confirm the support above the yellow band on the chart, which is in close convergence with the 200-day exponential moving average (EMA) (in purple) at $14.55.
This bullish outlook is confirmed with DrDovetail’s predictions on the price of Avalanche. Analysts indicated via Tradingview that AVAX could go as high as $28 if the support around $14.55 holds. To that end, he wrote, “If the stock can turn this green trendline into strong support, the price could hit the $28 target within a month or two.”
If the price of Avalanche breaks above the upper descending trend line, that would be a bullish sign. More, the MACD index (Moving Average Convergence Divergence) still signals a buy call on the same 12-hour chart. Therefore, the odds of an upside are getting stronger for AVAX price.
The IntoTheBlock (ITB) IOMAP Model suggests another upside break, supported by a strong support between $12.78 and $13.31. Some 131,000 addresses have previously purchased 7.58 million AVAX tokens in this range and will be ready to sustain a rally. However, Avalanche price faces minor hurdles to climb higher, and with a little boost, it could explode above $20.00.
Other altcoins to consider in 2023
As the new year begins, investors are advised to carefully choose the assets in their cryptocurrency portfolios and ensure they have the best risk management tools in place. One of the ways to achieve this is to select tokens in the pre-sale stage. In addition to the acmore emerging altcoins at a bargain priceinvestors have the opportunity to be the first to participate in projects that can shape the future of cryptocurrency.
Metamasters Guild (MEMAG)
A robust play-to-earn gaming platform showcases a streamlined approach to the gaming industry that could drive user interest, which has declined significantly in recent months. The team of Guild of Metamasters says he wants everyone to be able to play blockchain games for free and start earning rewards for time spent playing those games.
The players of the first web3 games guild the mobile-centric world will earn a currency called gems. These tokens are versatile as they allow the player to exchange them for MEMAG, the platform’s native token, which can be staked for further rewards. Some users can buy in-game NFTs with gems or withdraw them by exchanging them for other cryptocurrencies such as ETH.
The Meta Masters Guild ecosystem was designed to reward players and all who contribute to its growth. Valuable contributions that will be recognized include: building games, the supply of game resources to the most successful players. The same goes for building esports teams, creating content, and participating in community events and contests.
Investors can buy MEMAG in presale. This has already raised $46.3 million, with one token selling for 0.007 USDT.
Move-to-Earn (M2E) tokens. they are increasingly well known in the cryptocurrency industry as they work to promote a healthy lifestyle. The main projects of this asset class are STEPN, SweatCoin and Step App.
However, these projects have yet to fully decentralize the fitness industry, which, according to Fightit will benefit everyone, including customers and stakeholders.
Fight Out recognizes that Web3 holds the key to the future of the M2E industry, with solutions that can generate revenue for both users and stakeholders, including gym owners. M2E game it not only adds value, but also motivates users to adopt healthy habits.
With this new ecosystem, Fight Out hopes to remove barriers to market entry. These barriers are related to knowledge of Web3 and the Expensive NFT startup associated with platforms such as STEPN.
The money raised during the presale will allow Fight Out to createcreate an M2E fitness app and a chain of gyms that play with the fitness lifestyle. With this in mind, users will earn rewards by completing workouts and challenges.
Click 2 Exchanges (D2T)
Click 2 Exchange, a revolutionary cryptocurrency platform, is here to change the way people think about and manage their cryptocurrency trading. This new ecosystem gives users unprecedented access to world-class cryptocurrency analysis and social trading tools.
The platform is packed with features and services for traders to explore as they navigate the ever-changing cryptocurrency market. Dash 2 Trade makes it easy to spot trending coins and stay ahead of the curve, with trading signals timeliness, social sentiment and platform analysis.
The presale of Dash 2 Trade ended Wednesday with the first listings on the centralized exchanges (CEX) Gate.io and BitMart.
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